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ForumsArrowBRRRR - Buy, Rehab, Rent, Refinance, RepeatArrowHow to aquire a cash property without cash
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How to aquire a cash property without cash

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  • Posts 2
  • Votes 0

Derek Welch
Contractor from Casper, WY

posted about 1 year ago

Found a house that is an amazing investment property but they want cash and we don't have that much in hand. Are there options out there for me? I don't have an investor, I'm fully approved for an FHA but that won't work on this.

Thanks!

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Check Rosette Top Subjects:
Taxes & Accounting and Maintenance
  • Posts 2.7K
  • Votes 2.3K

John Teachout
Rental Property Investor from Concord, GA

replied about 1 year ago

Well, I think you know the answer.

Can you change their mind?

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Check Rosette Top Subjects:
Real Estate Finance, Team, and Residential
  • Posts 362
  • Votes 473

Chris Levarek
Rental Property Investor from Phoenix, AZ

replied about 1 year ago

@Derek Welch If it truly is a good investment property, get it under contract. Find a partner with capital and close the deal. If you can't find a partner, go to a hard money lender or private lender. If you can't find either, the property isn't a good investment property.

Action will create solutions. Inaction will seed doubt. Get to crushing it!

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user profile avatar
  • Posts 2
  • Votes 0

Derek Welch
Contractor from Casper, WY

replied about 1 year ago

They want cash because they can't pass any inspection, there's mold in the basement & the roof needs replaced.

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  • Posts 233
  • Votes 223

Alex K.
Specialist from Metro Detroit, MI

replied about 1 year ago

@Derek Welch offer 50% Cash and sign it up

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Check Rosette Top Subject:
Flipping
  • Posts 276
  • Votes 229

Gordon Starr
Rental Property Investor from Dayton, OH

replied about 1 year ago

Put all your expenses on your credit card and build your cash account, borrow from family. A moldy house might sit on the market for quite awhile. Maybe you will have time to pull it together..

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